FTX.US Accounting Firm Armanino Ends Crypto Audit Practice

12/16 10:40

Armanino is ending its crypto audit practice and dropping clients, two sources familiar with the matter say.The unit may be folding under pressure from Armanino’s non-crypto clients, concerned that reputational risk to the firm will throw their audits into question, according to a source with knowledge of the firm’s crypto offerings. Last month, Armanino was named in a class-action lawsuit for failing to catch irregularities at FTX.US after performing the exchange’s audit last year. The suit was filed by Stephen Pierce, an FTX customer who allegedly lost $20,000.Armanino did not respond to requests for comment.
Bullish1LikeShare
DisclaimerThe content above does not represent HTX's positions.HTX does not provide any trading recommendations.

Related Articles

  • Image

    Bitcoin’s $64,000 Rebound Faces A Real Test As Sellers Wait Near $65,000

  • Image

    Ethereum whales add $20.6M in ETH – Is $2,000 within reach?

  • Image

    Robinhood Chain flips Hyperliquid – 2 metrics show speculative interest

All Comments0LatestHot

avatar
LatestHot

Related Articles

  • Image

    Bitcoin’s $64,000 Rebound Faces A Real Test As Sellers Wait Near $65,000

  • Image

    Ethereum whales add $20.6M in ETH – Is $2,000 within reach?

  • Image

    Robinhood Chain flips Hyperliquid – 2 metrics show speculative interest